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Where Should I Put My 401k Money?
FreeRepublic ^
| 08.06/2009
| Oshkalaboomboom
Posted on 08/06/2009 9:32:49 AM PDT by Oshkalaboomboom
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To: Oshkalaboomboom
I can't just cash it in or the government would slaughter me at tax time. What's a safe haven to ride the coming depression out? Bank of Sealy .... no I am not kidding ...
2
posted on
08/06/2009 9:34:09 AM PDT
by
Centurion2000
(Only feces and dead fish go with the flow.)
To: Oshkalaboomboom
precious metals...mainly gold.
3
posted on
08/06/2009 9:34:22 AM PDT
by
eleni121
(The New Byzantium - resurrect it!)
To: Oshkalaboomboom
What's a safe haven to ride the coming depression out? Oh boy, this is gonna be a good thread...pass the popcorn and kool aid.
4
posted on
08/06/2009 9:35:56 AM PDT
by
gitmogrunt
(The stupidity of American Liberals never ceases to amaze me.)
To: eleni121
I’d second that.
I know a very rich person who has cash stashed in lots of foreign countries - 100k here...100k there....a bunch of it.
Not that this would work for a 401k but I thought it was an interesting view of what something thinks about our current state here in the US.
5
posted on
08/06/2009 9:36:48 AM PDT
by
Aria
( "The US republic will endure until Congress discovers it can bribe the public with the people's $.")
To: Oshkalaboomboom
Selling now before the market tanks big-time is a good idea, but if the Vanguard fund is in a 401k there is no tax event until you start withdrawing from the 401k.
6
posted on
08/06/2009 9:36:54 AM PDT
by
Stayfree
(REWARD FOR OBAMA'S BIRTH CERTIFICATE.COM)
To: Oshkalaboomboom
Stick 8% of it in an ultrashort ETF, such as SMN
(disclaimer: I have an exposure to SMN.)
To: Oshkalaboomboom
Depends on your age, how the money is invested and what your plans are for it.
Fear is not an investment plan.
Suggestions: A little in a precious metals funds would be prudent as a hedge against inflation; an equity income fund with strong stocks sporting good balance sheets and dividends; a short-term bond fund due to inflation fears.
My experience with fear is, generally, a good signal to buy instead of sell.
Don’t worry, be happy. :)
8
posted on
08/06/2009 9:41:05 AM PDT
by
RexBeach
To: Oshkalaboomboom
You’re in luck, FRiend!
I just started a mutual fund this morning! You can be my first investor. Our investment strategy is... oh hey, why bore you with that financial hocus-pocus. You’re gonna do great. Plus, due to the return on your investment, your income taxes will be REALLY LOW.
Just send me a check and we’ll get started.
9
posted on
08/06/2009 9:41:21 AM PDT
by
Nervous Tick
(Stop dissing drunken sailors! At least they spend their OWN money.)
To: Oshkalaboomboom
11
posted on
08/06/2009 9:42:12 AM PDT
by
hoosiermama
(ONLY DEAD FISH GO WITH THE FLOW.......I am swimming with Sarahcudah! Sarah has read the tealeaves.)
To: Oshkalaboomboom
Diversify as much as possible. Most 401Ks give you many engines to put your money in. Split what you have among bond funds, stocks, cash value funds, commodity funds, etc.
12
posted on
08/06/2009 9:42:48 AM PDT
by
mnehring
To: Oshkalaboomboom
Gold, Silver, Foreign Stocks, Foreign Bonds.
13
posted on
08/06/2009 9:43:23 AM PDT
by
NeoCaveman
(has created or saved 150,000 posts, sure.)
To: Oshkalaboomboom
I will NOT make specific recommendations, regulations won't allow it.
However, a GOOD “variable annuity” with investment choices that include energy, commodities, precious metals, etc, would be a good place.
Also, believe it or not, diversified “junk bond” fund will likely do better than stocks, in a high inflation environment.
Many such products give you:
Death Benefit Guarantee
Income Benefit Guarantee
Inflation Protection Guarantees!
Again, I post her PURELY for political purposes, and not to advertise!
14
posted on
08/06/2009 9:44:55 AM PDT
by
Kansas58
To: Oshkalaboomboom
Where Should I Put My 401k Money?
Ammunition.
15
posted on
08/06/2009 9:48:42 AM PDT
by
Noumenon
(Work that AQT - turn ammunition into skill. No tyrant can maintain a 300 yard perimeter forever.)
To: Oshkalaboomboom
I’d go with a money market fund.
To: Oshkalaboomboom
Precious metals such as lead and brass.
17
posted on
08/06/2009 9:50:31 AM PDT
by
thecabal
(Destroy Progressivism)
To: Oshkalaboomboom
I assume you highly risk averse in the intermediate term.
If you believe we are heading into a depression, look at government bonds, both domestic and foreign.
If you believe the economy will recover at a sluggish rate look at TIP bond funds.
Whatever you decide don't buy and forget. We are in a volatile financial environment period. Keep your financial sneakers on at all times.
18
posted on
08/06/2009 9:51:58 AM PDT
by
monocle
To: Oshkalaboomboom
at the current prices the market is probably overvalued. Not crazy to think of selling here, but you have to remember to buy if it does go back to the levels of March. The market was truly cheap then, and very few people managed to buy since they were so scared. (me included)
To: Oshkalaboomboom
Get some professional help.
Fidelity offers free counciling and doesn't pimp only their stuff.
20
posted on
08/06/2009 9:53:26 AM PDT
by
Zathras
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